Grab launches carpool GrabShare in Malaysia, Philippines

A customer uses the GrabTaxi app on her smartphone to book for a taxi in Hanoi, Vietnam September 9, 2015. REUTERS/Kham

Southeast Asian ride hailing platform Grab has launched commercial car-pooling system GrabShare in Malaysia and Philippines, which the company claims would be cheaper by at least 30 per cent for passengers and also reduce traffic congestion.

GrabShare pairs just two different passenger bookings with similar trip routes within a single trip. Hence, passengers will only experience a maximum of two stops before reaching their destinations, Grab said in an announcement to launch the system on Thursday.

Conceptualised, designed and engineered across Grab’s three research and development centers in Singapore, Seattle and Beijing, GrabShare’s matching algorithm ensures passengers get to their destinations in the shortest possible time.

First launched in Singapore in December 2016, Grab completed two million GrabShare rides, for a total distance of about 20 million km. Along with the rapid passenger adoption of GrabShare, Grab has seen an improvement in passenger matching rate by 15 per cent.

“We are confident GrabShare will enable us to meet Malaysia’s growing passenger demand for ride-hailing especially to cater to first-and-last mile while helping our drivers earn more,” said Sean Goh, Grab Malaysia’s Country Head.

Malaysia has the third highest car ownership globally with 93 per cent of Malaysian households owning at least one car and more than half owning multiple cars, according to a 2014 Nielsen survey.

“We see GrabShare as an opportunity to deliver a viable and hyper-local carpooling solution by using our expertise and technology in ride-hailing for Malaysia and Southeast Asia,” Goh said.

Also Read:

Uber rival Grab to buy Indonesia payment startup Kudo for over $100m

Grab launches $100m Indonesian social impact fund

Mobile Payments: Grab’s angle for Indonesia?

Grab commits $700m to SEA’s largest economy to battle Go-Jek

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.